Slider Archives - Page 369 of 454 - Pension Policy International

23JulJuly 23, 2018

US. Here’s What the Average Retiree Spends on Healthcare Each Year

It's natural to assume that our living costs will mostly go down in retirement, but if there's one expense that's likely to rise during your golden years, it's healthcare. From deductibles to copays to Medicare premiums, healthcare can easily grow to become your single greatest monthly expense -- but planning for it can help alleviate some of the stress it causes so many seniors. So how much money should you expect to allocate to medical costs? The average retiree spends...

July 23, 2018

News, SliderUS

23JulJuly 23, 2018

Georgian parliament approves law on accumulative pension

The parliament of Georgia approved a law on an accumulative pension system yesterday, which is part of a larger pension reform initiated by the Georgian government. The government plans to launch a supplementary programme alongside the currently existing universal basic pension which amounts to 180 Gel. The new programme, the launch of which is planned for the end of the year, will be mandatory for legally employed people under 40, meaning they will be enrolled automatically, and voluntary for people above...

July 23, 2018

News, SliderGeorgia

23JulJuly 23, 2018

Kenya. Counties owe Sh17bn in pension fund dues

County governments owe the County Pension Fund (CPF) more than Sh17 billion in unremitted contributions, the Nation has learnt. This emerged after the retirement fund expressed concern over delays in remittance of pension by the devolved units. Speaking at a Naivasha hotel on Saturday during an annual general meeting, CPF chief executive officer Hosea Kili said the anomaly was posing a major challenge to the operations of the umbrella savings scheme. Read more @Daily Nation

July 23, 2018

News, SliderKenya

23JulJuly 23, 2018

Migration helps balance our ageing population – we don’t need a moratorium

Australia’s population is set to reach 25 million in the coming weeks. This is much earlier than expected. Eighteen years ago, projections estimated Australia’s population wouldn’t get to 25 million until 2041. Western Australian Liberal Senator Dean Smith last week proposed a moratorium on immigration to give Australia some time to “breathe” and take stock. Claiming concerns over planning and infrastructure failing to meet population needs, Smith signalled Australia was unprepared, having relied on inaccurate population projections. Immigration is often targeted...

July 23, 2018

News, SliderAustralia

20JulJuly 20, 2018

When Aging and Automation Collide, Which Countries Lose?

Today’s workforces are facing two unprecedented and far-reaching trends: widespread societal aging and the automation of work by intelligent technologies. Increased longevity and declining fertility rates around the world are creating lasting shifts in the age compositions of workforces globally. Concurrently, emerging technologies are displacing workers and transforming the very landscape of work. The confluence of these two trends of aging and automation therefore raises a crucial question: What effect will increased workplace automation have on populations of older workers?...

July 20, 2018

News, Slider

20JulJuly 20, 2018

UK. A steep challenge ahead – what the latest fiscal sustainability report means for the public spending plans

Looking at how assets and liabilities on the public sector’s balance sheet are expected to change over time provides an important picture of the direction of travel when it comes to government activities. The Office for Budget Responsibility’s (OBR) latest report sounds alarm bells for mounting spending challenges ahead. The Fiscal Sustainability Report, released by the OBR on Tuesday, sets out the long-term sustainability of the level of public debt. This is a key measure of the government's fiscal policies,...

July 20, 2018

News, Slider

19JulJuly 19, 2018

Kenya. MPs demand evidence of UK colonial pensioners’ existence

The National Treasury has two weeks to ascertain the actual existence of British colonial pensioners that Kenya continues to pay millions of shillings 55 years after Independence. The National Assembly’s Public Accounts Committee (PAC) issued the directive after it summoned Director of Pensions Shem Nyakutu for a meeting to explain why Nairobi continues to pay people who left Kenya in 1963. “These were colonial officers, who were retrenched through Africanisation. The Government of Kenya undertook to pay their pension through UK’s...

July 19, 2018

News, Slider

19JulJuly 19, 2018

Russia. Pension reform: the Kremlin is saved from the riots of 2022

The chamber has studied the bill to raise the retirement age, and came to the conclusion that he needs improvement. This is stated in the opinion of the Chamber signed by the head of Department Alexey Kudrin. So, the chamber did not find in the draft law “calculations that determine the relationship between raising the retirement age and create the conditions for annual indexation of pensions above the rate of inflation”. Read More: MICE Times

July 19, 2018

News, Slider

19JulJuly 19, 2018

Venezuela senior citizens block streets demanding pension checks

Perched on plastic lawn chairs and leaning on canes, scores of retirees protested Wednesday, July 18, to demand payment of their retirement benefits in crisis-hit Venezuela. About 200 senior citizens blocked traffic on Urdaneta Avenue, a stone's throw from the presidential palace. "They are not paying people's whole pension. We are just getting two million" bolivars, worth 60 US cents at black market rates," said Basilio Octo, 68. Read More: Rappler

July 19, 2018

News, Slider

18JulJuly 18, 2018

Greece Sees Highest Pension Spend in EU

Greece spends the highest percentage of its GDP on pensions compared to other European Union member states, Eurostat says. Despite the fact that pensions have been slashed dramatically during the economic crisis, the Greek state continues to give a large part of its GDP to pensioners, the highest percentage than any other EU nation. According to the European statistical authority, pension expenditure in 2015 amounted to 17.8 percent of GDP, the highest in the EU. The percentage of GDP does not...

July 18, 2018

News, Slider

July 2018